Concord Enviro Systems Limited

CLOSED

IPO Date: 19 Dec - 23 Dec 2024

Listing Date: 27 Dec 2024

Price Range

₹665 to ₹701 per share

Issue Size

500.33 Cr

Min Investment

13,965

Lot Size

21 Shares

Schedule of Concord Enviro Systems Limited

Issue open date

19 Dec 2024

Issue close date

23 Dec 2024

UPI mandate deadline

23 Dec 2024 (5 PM)

Allotment finalization

24 Dec 2024

Share credit

26 Dec 2024

Listing date

27 Dec 2024

Mandate end date

N/A

Issue size

Funds Raised in the IPOAmount
Overall500.33 Cr
Fresh Issue0 Cr
Offer for Sale0 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date24 Dec 2024
Allotment Link{Link}

Grey Market PremiumNew

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIpo PriceGMPEstimated Listing Price
27 Dec 2024701138839 (19.69%)
26 Dec 2024701138839 (19.69%)
25 Dec 2024701134835 (19.12%)
24 Dec 202470175776 (10.7%)
23 Dec 202470155756 (7.85%)
22 Dec 202470140741 (5.71%)
21 Dec 202470140741 (5.71%)
20 Dec 202470155756 (7.85%)
19 Dec 202470170771 (9.99%)
18 Dec 202470170771 (9.99%)
17 Dec 20247010701 (0%)

Performance Concord Enviro Systems Limited

Issue PriceListing GainCurrent Market PriceP/L
₹665 to ₹701 per share 6498 (17.99%) 504.8-27.99%

About Concord Enviro Systems Limited

Founded in July 1999, Concord Enviro Systems Limited is a global water and wastewater treatment and reuse solutions provider, including zero-liquid discharge (ZLD) technology.The company offers in-house solutions across the entire value chain, including design, manufacturing, installation, operation and maintenance (O&M), and digitalization, such as IoT. The company provides integrated wastewater treatment and zero liquid discharge (ZLD) solutions, focusing on energy optimization and recovery to aid industries in achieving water conservation and sustainability goals.The company's business can be segregated into the following:-1. The manufacture and sale of water and wastewater treatment, reuse and ZLD of systems and plants and turnkey solutions;2. Operations and maintenance;3. The manufacture and sale of consumables and spare parts (including membranes, plants, chemicals and consumables); and4. Installation of compressed biogas plants (“CBG Plants”).As of March 31, 2024, the company exports its solutions to North America, Latin America, Africa, the Middle East, and Southeast Asia and has a large customer base of 377 customers worldwide.As of FY 2024, the company has served over 353 domestic and 24 international customers in pharmaceuticals, chemicals, food and beverage, defence, automotive, steel, and textiles, with a presence in two countries. The company's clients include Diageo Mexico Operaciones, S.A. De C.V., Grasim Industries Limited, AB Mauri, Anthem Biosciences Private Limited, Bhopal Glues and Chemicals Private Limited, Kasyap Sweetners Private Limited, LANXESS India Private Limited, Puja Spintex Private Limited, SFC Environmental Technologies Private Limited, SMS Limited and Tagros Chemicals India Private Limited. Furthermore, the company currently executes projects for multinational companies like Diageo Mexico Operaciones, S.A. De C.V.that include implementing a ZLD solution for their distillery in La Barca, Jalisco, Mexico and a ZLD solution for another customer at their factory in New York, United States of America.The company has two manufacturing facilities: one in Vasai, India, and another in Sharjah, UAE. Their in-house R&D team, comprising 21 employees as of March 31, 2024, develops the solutions.

Founded in1999
Managing director
Parent organization

Financial Overview

Strengths

  • Market leadership in ZLD technology in India, well placed to harness global industry opportunities
  • Integrated solutions provider supported by backward integrated manufacturing facilities
  • Established presence in international markets
  • Diversified customer base across multiple industries and geographies

Risks

    Subscription Figures

    CategorySubscription (No. of times)
    Qualified Institutional Buyers (QIBs)17.32
    Non-Institutional Investors (NIIs)14.2
    Retail Individual Investors (RIIs)5.56
    EmployeeN/A
    Total10.67